Rich's Accounting Service - Worksheet June, 20xx Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr Cr Dr Cr Cash 21 582... Accounts Receivable Prepaid Rent Office Supplies Office Equipment -_Ce4-.900 Accumulated Deprecifice Equipment Automobile Accumulated Deprecatemobile Accounts Payable ---------. --14_2020_ Salaries Payable Rich, Capital 25,065 Rich, Drawing Accounting Service Fees Rent Expense Salaries Expense Gasoline Expense 143 Repairs Expense Telephone Expense Advertising Expense Office Supplies Expense Depreciation Expense - Office Equipment Depreciation Expense - Automobile Miscellaneous Totals x4,200 Totalsensive review set allows review problem requires you to complete the accounting cycle for Rick's Account In Cycle . by completing tween all parts of the a set allows you to review Chapters It while reinforcing the relationships between all parts of the acco two cycles , you will see how the ending June balan He balances in the ledger are used to Rich's Accounting Service Chart of Accounts OWNER'S EQUITY EXPENSES . Continued Rich , Capital 523 Gasoline Expense Accounts Receivable Rich , Drawing Repairs Expense Prepaid Rent Income Summary 515 Telephone Expense Office Supplies Advertising Expense Office Equipment Office Supplies Expense 122 Accuruiz lated Depreciation - Office Equipment 518 Depreciation Expense Automobile Depreciation Expense - Accumulated Depreciation - Automobile 41 1 Accounting Service Fees Miscellaneous Expense LIABILITIES EXPENSES 21 1 Accounts Payable Salaries Payable Rent Expense 522 Salaries Expense On June 1 201X , Rich opened an accounting services office called Rich's Accountin ing Service . The following transactions were comple for the month of June Rich invested $19,000 cash i cash in the business along with 56 090 of office equipment Rented an office and paid three months rent in advance to Fredericks Pr openty Management . Check #9001 - 54 ,500 Bought an automobile on account from Norm's Automotive , 527 Purchased office supplies from Office Depot on account , 5400 Purchased additional office supplies from Office Depot Paid cash , Check # 1002 - 575 Performed accounting services for lilian Kirby . Collected $3, 500 cash paid a gasoline bill to Arco . Check #9003 - 597 June 12 Paid Janice , office secretary , two weeks salary . Check 49004 $2 0 00 June 18 Provided accounting services to Mindy's Dress Shop , 58 500 Payment to be received on July 9t June 20 Rich withdrew 52 500 from the business to pay personal expenses . Check #9005 - 52,500 June 21 Performed accounting services for Caden , inc . Collected $2 ,500 cash June 22 aid a gasoline bill to Area . Check HOODS - 596 June 25 Paid Norm's Automotive for automobile repairs . Check #9007 - 5625 June 26 Paid Janice , office secretary , two weeks salary . Check #9008 - 52,900 June 27 Provided accounting services to Sarah Company 97 500 Payment to be received on July 19th June 29 Paid June telephone bill to Verizon . Check 40909 - 5525 June 29 Received bill from The Daily Courier for June advertising . Bill is in the amount of 51 300 and is due July ard EQUIRED WORK FOR JUNE Journalize transactions and post to General Ledger Prepare a trial balance in the first two columns of a blank worksheet form Complete the worksheet based on the following adjustment data a One month's rent , $1 500 has expired b . An inventory of office supplies shows there is 975 remaining on hand C . Depreciation on the office equipment is $200 J . Depreciation on the automobile is $750 E . Janice has worked Monday , June 29 th and Tuesday , June 30th , but is not scheduled to be paid until Friday it Friday July 10th . Her salary is $2 , 000 every two weeks ( $200 per day Prepare June financial statements . An income Statement , Statement of Owner's Equity and Balance Sheet Journalize the adjusting entries and post them to the Gene eral Ledger Journalize the necessary closing entries and post them to the General Ledger Prepare a post - closing trial balance